Vietnam may step up pace of equitization, gov’t leader says

Vietnam may step up pace of equitization, gov’t leader says
Last updated: 6/12/2010 17:05
State-owned Vietnam Airlines said in June it would not be able to finish its equitization process by July 1 as planned
Vietnam’s program of selling stakes in state-owned companies may be accelerated as the global economy recovers, Deputy Prime Minister Nguyen Sinh Hung said.
The so-called equitization program has been slow as the government didn’t want to sell shares at low prices and on low demand, Hung said at the National Assembly in Hanoi Saturday.
The Southeast Asian country has been selling shares in state-owned companies since the early 1990s.
The sales “may need to play a greater role” as the government seeks funds for infrastructure projects, the International Monetary Fund said in May.
Source: Bloomberg